• Monetary Metals
    08/03/2015 - 04:03
    You cannot understand gold if you think it goes up and down, that the dollar is the measure of gold. Gold does not necessarily go up with interest, inflation, or commodities. Indeed, it does not...
  • Tim Knight from...
    08/03/2015 - 00:54
    Could you imagine making a sweeping prediction about the world's construct in the year 2120 and being more or less correct?

Japan

Sprott Money's picture

The Perversion of Capitalism: A Credit-Based Versus Capital-Based System





We don’t have a “capitalist” economic system. What we have, instead, is a perversion of capitalism. This pseudo-capitalism is a suicidal model of pure, economic exploitation, combined with a plethora of nonsensical dogma and policies.

 
Phoenix Capital Research's picture

Here is How The Next Crisis Will Play Out





This process has already begun in Europe. It will be spreading elsewhere in the months to come. Smart investors are preparing now BEFORE it hits so they are in a position to profit from it, instead of getting slaughtered

 
Tyler Durden's picture

Russia Or China - Washington's Conflict Over Who Is Public Enemy #1





America’s grand strategy, its long-term blueprint for advancing national interests and countering major adversaries, is in total disarray. Top officials lurch from crisis to crisis, improvising strategies as they go, but rarely pursuing a consistent set of policies. Some blame this indecisiveness on a lack of resolve at the White House, but the real reason lies deeper. It lurks in a disagreement among foreign policy elites over whether Russia or China constitutes America’s principal great-power adversary.

 
Tyler Durden's picture

Who Will Be The Last To Crash?





This is the question that astute investors are forced to ask themselves these days. No reasonable person believes that a system of ever-expanding debt can resolve painlessly. It simply cannot happen... not, at least, until 2+2 stops equaling four. But the international money system, while deeply interconnected, can implode in sections. In fact, it’s highly unlikely that it will crash as a single unit. So, if you have significant moneys to invest, you end up coming back to our question: Who will be the last to crash?

 
Tyler Durden's picture

Market Wrap: Greek "Capitulation" Optimism Sends Global Risk Higher After China Re-crashes





So much going on that by the time an article is prepared, everything has changed and it has to be scarpped. But, in any event, here is an attempt to summarize all that has happened in another turbulent overnight session.

 
Tyler Durden's picture

The Care And Feeding Of A Financial Black Hole





"...anyone who knows mathematics can see that the United States is on the verge of collapse because its debt has gone exponential, but no European (never mind American) politician can state the obvious, no matter how obvious it is. American officials and politicians are definitely puppets, controlled by corporate lobbyists and shady oligarchs. But here's a shocker: these are also puppets - controlled by the simple imperatives of profitability and wealth preservation, respectively. In fact, it's puppets all the way down. And what's at the bottom is a giant, ever-expanding, financial black hole."

 
Tyler Durden's picture

The Global Template For Collapse: The Enchanting Charms Of Cheap, Easy Credit





Cheap, easy credit has created moral hazard and nurtured magical thinking throughout the global economy.

 
Tyler Durden's picture

China Makes It Official, Launches The Bank That Humiliated Washington





Four months after the UK opened the membership floodgates and dealt Washington a humiliating political blow, China has officially launched the Asian Infrastructure Investment Bank.

 
EquityNet's picture

Growing Concerns Over Tomorrow’s Leap Second





Tomorrow at 8pm, we’re adding an extra second to the day. Over the past 200 years, the length of a day has increased by two milliseconds, which is all well and good, but the insane accuracy of the atomic clocks we’ve been using since 1967 doesn’t account for that, so we’ve had to add leap seconds 25 times since 1972. Tomorrow, however, is the first time a leap second will be added during trading hours since markets went electronic. 

 
Phoenix Capital Research's picture

The Next Round of the Great Crisis Has Just Begun





The next round of the great crisis is here. 2008 was just A Crisis… we've just begun THE Crisis.

 
 
Tyler Durden's picture

Central Banks Scramble To Stabilize Crashing Markets: China Fails, Switzerland Succeeds (For Now)





At the open, Europe looked in the abyss, and with no help coming from China, it did not like what it saw: And then the answer came from the Swiss National Bank, which stepped in to prevent the collapse just as Europe was opening. Because seemingly out of nowhere, a tremendous bid came in to life the EURCHF, buying Euros (against the CHF and the USD) and selling Europe's last left safety currency. We now know that it was the SNB, the same central bank which is the proud owner of well over $1 billion in Apple stock.

 
Tyler Durden's picture

Keynes, The Great Depression And The Coming Great Default





Ideas Have Consequences... In Nazi Germany and Fascist Italy, in Great Britain, in Japan, and in the United States, there was a shift of opinion away from the free market in favor of government economic planning. The supreme mark of this transformation was the acceptance of John Maynard Keynes' unreadable book, The General Theory of Employment, Interest, and Money, which was published in 1936. A new generation of younger economists adopted this book and its outlook, which prevails today. The fascist economic idea of an alliance between government and business became almost universally accepted.

 
Tyler Durden's picture

Even The Banks Admit: "The Wacky Has Become The Norm"





"Investors have experienced many mood swings, some institutionalized irrationality, as well as treacherous trading conditions in the first six months of 2015. The wacky has become the norm."

 
Tyler Durden's picture

China Plunges Most Since 2007, Points Away From Bear Market; Greek Drama Continues





Following yesterday's furious market drop in Chinese stocks, just before the overnight open, Morgan Stanley came out with a much distributed report urging investors "Not to buy this dip", and so they didn't. As a result, the Shanghai Composite imploded, at one point trading down 8% while the Chinext and Shenzhen markets crashed even more. This was the single biggest Shanghai Composite one-day drop since 2007, and with a close at 4192.87 the SHCOMP is now on the verge of a bear market, down 19% from its June 12 highs. China's second largest market, Shenzhen, is now officially in a bear market.

 
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